The sale of the previous Loretto Heights campus in southwest Denver has been finalized and Westside Funding Companions, a Colorado actual property firm, is the brand new proprietor.
Westside, a Glendale-based non-public business actual property funding and growth group, bought the 75-acre parcel on South Federal Boulevard from Colorado Heights College.
The closing was introduced Tuesday on Denver Metropolis Councilman Kevin Flynn’s District 2 Fb web page. “My workplace shall be scheduling conferences between the developer and my stakeholder committee, the Registered Neighborhood Organizations and different concerned constituencies,” Flynn stated.
A gathering was held Tuesday evening at Parish Corridor on the Church of All Saints, 2559 South Federal Blvd., with the brand new homeowners, neighbors and stakeholders, principally members of the close by Dartmouth Heights House House owners Affiliation.
Residents are extraordinarily involved about redevelopment of the property bringing extra site visitors to the realm.
“Visitors, site visitors, site visitors. I believe they (Westside) heard it loud and clear,” Flynn stated.
The campus consists of the Might Bonfils Stanton Theater, a 1,000-seat corridor. Flynn and different supporters hope to seek out an operator for the theater with a purpose to protect it. The campus was first developed in 1891 by the Sisters of Loretto as Loretto Heights Academy, a Catholic elementary and secondary colleges for ladies. The campus’ most outstanding construction is a red-hued, five-story administration constructing that rests on a hilltop overseeing Federal Boulevard. A cemetery, the place 62 nuns who used to show and work at Loretto Heights are buried, is also positioned on campus.
Because the grasp developer, Westside will promote parcels to builders. It plans a high-density residential growth, with flats and single-family housing, and business growth, which would require a rezoning request, principally alongside Federal Boulevard.
“Westside is genuinely honored and totally dedicated to defending the heritage and true worth of the campus as we glance to reinforce the prevailing neighborhoods and supply further facilities to serve our neighbors,” Andrew Klein, Westside principal, informed The Submit in June. “We’re anxious to work with neighbors, native leaders and the town to check how the campus can rework and activate in a approach that actually represents the very best for southwest Denver.”
On Westside’s webpage, the group describes the property as a “magnificent campus.”
Westside stated it’ll convey the realm again to life.